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Morning round-up, Friday February 14

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* The US Department of Agriculture said on Thursday that weekly soybean exports to China dropped to a 10-month low.

 

A department report showed that exporters shipped just 69,009 tonnes of soybeans to China in the week ending February 6, the lowest since the 67,113 tonnes exported in the week ending April 18 in 2018.

 

 


* The Buenos Aires Grains Exchange on Thursday forecast Argentina’s 2019-20 corn harvest at 49m tonnes.

 

This amount is less than 2018-19’s total of 50.6m tonnes.

 

Thursday also saw Rosario grains exchange raise its corn harvest estimate for the country by 1m tonnes to 50m tonnes.

 

 


* According to estimates from Agroconsult analyst, Marcos Rubin, China is expected to import 54m tonnes of Brazilian soy in 2020, 4m tonnes less than in 2019.

 

He blamed the drop on China’s “phase one” commitment to import more US agricultural products.

 

Rabobank’s Victor Ikeda and Lief Chiang, however, predicted that China’s purchases of Brazilian soybeans would decrease by 8m tonnes this year, a 15% drop compared to 2019.

 

 


* The USA Poultry & Egg Export Council told Reuters that shipments of frozen chicken destined for China are being diverted to ports in Hong Kong, South Korea, Taiwan and Vietnam due to coronavirus.

 

According to council president, Jim Sumner, ports in China have run out of space for refrigerated containers due to a lack of available workers to unload products.

 

Mr Sumner added that shipments of medical supplies and pork are being allowed in.

 

“Everything else is being considered not a priority and is not allowed entry.”

 

 


* FranceAgriMer said on Friday that 16% of the country’s planting area for spring barley had been sown by February 10.

 

This up from the 14% level recorded the week before and 12% a year ago.

 

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